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Given the information below, what is the dividend declared in the year? Assume no other changes to retained earnings other than net income and dividends.
Given the information below, what is the dividend declared in the year? Assume no other changes to retained earnings other than net income and dividends. The most recent year is the left hand column of numbers.
a) 7,288.0
b) 3,596.0
c) 19,230.0
d) 7,778.0
*Please provide explanation.
18 18 Stockholders' equity (deficit) Common stock, 30.01 par value, 4,000,000,000 shares authorized, 1,776,510,871 shares issued as of December 31, 2018 and 1,768,738,550 as of December 31, 2017 Common stock held in treasury, at cost, 297,686,473 shares as of December 31, 2018 and 176,607,525 as of December 31, 2017 Additional paid-in-capital Retained earnings Accumulated other comprehensive loss Total stockholders' equity (deficit) (24,108) 14,756 3,368 (2.480) (8.446) (11.923) 14.270 5,459 (2.727) 5.097 Net revenues 32,753 Cost of products sold Selling, general and administrative Research and development Acquired in-process research and development Other expense Total operating costs and expenses Operating earnings 7,718 7,399 10,329 424 500 26,370 6,383 Interest expense, net Net foreign exchange loss Other expense, net Earnings before income taxes Income tax expense (benefit) Net earnings 1,144 24 18 5,197 (490) 5,687 $Step by Step Solution
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